Arjuna Capital Has $2.10 Million Stake in Cardinal Health, Inc. (NYSE:CAH)

Arjuna Capital lowered its stake in Cardinal Health, Inc. (NYSE:CAH) by 3.1% in the fourth quarter, Holdings Channel reports. The fund owned 17,712 shares of the company’s stock after selling 572 shares during the quarter. Arjuna Capital’s holdings in Cardinal Health were worth $2,095,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CAH. State Street Corp lifted its stake in Cardinal Health by 4.6% in the 3rd quarter. State Street Corp now owns 14,177,641 shares of the company’s stock valued at $1,566,913,000 after purchasing an additional 627,253 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Cardinal Health in the 4th quarter valued at $45,115,000. Two Sigma Advisers LP lifted its stake in shares of Cardinal Health by 47.9% in the 3rd quarter. Two Sigma Advisers LP now owns 1,069,462 shares of the company’s stock valued at $118,197,000 after acquiring an additional 346,362 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Cardinal Health by 230.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,911 shares of the company’s stock valued at $52,819,000 after acquiring an additional 333,095 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its position in Cardinal Health by 77.3% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 593,007 shares of the company’s stock worth $65,539,000 after acquiring an additional 258,541 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CAH shares. Evercore ISI upgraded Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 target price for the company in a research report on Tuesday, January 7th. Argus set a $148.00 price objective on shares of Cardinal Health in a report on Tuesday, February 4th. Jefferies Financial Group raised shares of Cardinal Health from a “hold” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $150.00 in a report on Wednesday, February 5th. Bank of America upgraded shares of Cardinal Health from a “neutral” rating to a “buy” rating and upped their price target for the company from $132.00 to $145.00 in a research report on Monday, January 6th. Finally, Morgan Stanley lifted their price target on shares of Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $139.36.

Cardinal Health Trading Down 0.5 %

Shares of CAH opened at $126.40 on Friday. The firm’s fifty day simple moving average is $125.43 and its two-hundred day simple moving average is $118.63. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $132.84. The stock has a market capitalization of $30.53 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66.

Cardinal Health (NYSE:CAH) last announced its earnings results on Thursday, January 30th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. As a group, research analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.5056 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a dividend yield of 1.60%. Cardinal Health’s dividend payout ratio is currently 37.69%.

Cardinal Health Company Profile

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.